NEW JERSEY CITY UNIVERSITY EMPLOYEE, HUSBAND INDICTED
FOR STEALING HUNDREDS OF THOUSANDS FROM
STUDENT GOVERNMENT ORGANIZATION

NEWARK, N.J. – The suspended office manager for the New Jersey City University
(“NJCU”) Student Government Organization (“SGO”) and her husband were indicted today by a
federal grand jury for allegedly running a scheme to steal funds from the university through
unauthorized checks, United States Attorney Paul J. Fishman announced.

Shaunette R. Moody, 48, and Alexander Moody, 51, both of Jersey City, N.J., are each
charged with conspiring to steal the funds. Shaunette Moody is also charged with theft from an
organization receiving federal benefits; Alexander Moody is charged with aiding and abetting
that theft. The total loss of NJCU funds resulting from the scheme exceeded $420,000.

The Moodys are currently in state custody and are expected to appear to face the charges
in the Indictment as early as next week in Newark federal court.

According to the Indictment filed in this case:

The Moodys conspired to exploit Shaunette Moody’s duties as the SGO office manager
by issuing unauthorized checks made payable to themselves and others. Between May 7, 2007,
and June 25, 2010, Shaunette Moody caused at least 237 checks to be fraudulently issued from
the SGO, many of which were payable to her or her husband. The signatures authorizing most of
the checks were forged. At least 219 of the checks were cashed, for a total value of $424,880.97.

The defendants each face a maximum potential penalty of five years in prison on the
conspiracy charge and a maximum potential penalty of 10 years in prison on the substantive theft
charges. Each charge also carries a fine of twice the gross gain or loss resulting from the offense.

U.S. Attorney Fishman credited special agents of the Internal Revenue Service – Criminal
Investigation, under the direction of Special Agent in Charge Victor W. Lessoff in Newark, and
special agents of the U.S. Department of Education, Office of the Inspector General, under the
direction of Special Agent in Charge Brian Hickey, for the continuing investigation which led to
the Indictment.

The government is represented by Assistant U.S. Attorney Randall H. Cook of the United
States Attorney’s Office Criminal Division in Newark.

The charges and allegations made in the Indictment are merely accusations, and the
defendants are considered innocent unless and until proven guilty.